Snoop Dogg & Other NFT Collectors Moving To Tezos and Solana

The infamous and extremely reliable not to mention huge paying out NFT collector who goes by the name of ‘Cozomo de’ Medici’ has lately declared a substantial Twitter artwork fund for rising artists.  This fund is created up of 64.6 ETH.  But who is ‘Cozomo de’ Medici’, effectively it is the change-moi of a big NFT influencer who was previously a juggernaut in the music scene and goes by the phase identify of ‘Snoop Dog’ or ‘Snoop D O double G’.

The fund was sourced by means of Cozomo’s ‘Project Nothing’ marketing campaign in which other Etheruem dependent NFT collectors could donate to the fund.  Cozomo promised very little in return for contributions to the fund and was correct to his phrase.  On the other hand, what he did do was promise to re-allocate the fund to rising electronic artists beneath the job identify ‘Medici Emerging’.

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Cozomo has said that this fund value circa $200,000 will not only be invested by him himself but with the support of his Granddaughter who goes by the alias ‘Bianca_de_medici69’ and that the fund will not only be utilised on the Ethereum blockchain.  In a modern Tweet, Cozomo mentioned the subsequent:  

“It will not all stay in ETH.  We know some of the finest new artists mint on XTZ.  And we’re loving the new 1/1 art on @formfunction (SOL).  So we’ll go to where the artwork is.  And create a Assortment the place great new artists can be identified and supported.  Let us have some fun⚡️”

Cozomo De medici’s Portfolio

Cozomo Di medici initially released himself to the Twitter scene in August 2021 as he boasted his useful and developing NFT selection with an believed $17 million in holdings.  These holdings include things like 9 CryptoPunks which are some of the oldest and most appealing NFTs in the marketplace.

On the other hand, now Cozomo’s wallet at present retains close to 250 several NFTs with a massive variety centering around goods synonymous with the rapper ‘Snoop Dog’ including marijuana, joints and bowls considering that revealing himself.

Good Modern Digital Artwork NFTs: Tezos & Solana

This new job ‘Medici Emerging’ goes some way to affirming just one of the largest traits in the NFT current market, which is a expanding fascination from crypto collectors in high-quality modern day artwork.  Christiane Paul, a Electronic Art Curator at the Whitney Museum of American Artwork explained in a current piece in The Art Newspaper that:

“There might be a section of the crypto world that, via NFTs, has found the breadth and history of electronic artwork and started out supporting it, but that section appears to be to stand for only a modest overlap in the Venn diagram of conventional art collectors and NFT collectors.”

But as NFT buyers are locating much more and additional value and having a much larger interest in electronic art, that gap overlap outlined by Paul is increasing. 

And, what is clear, is that the sector overlap for this art is not only procured on the Ethereum network any more but is a ton additional numerous as more and extra artists see worth in minting on other chains Tezos and Solana are two that really stand out.

Infact, Cozmos De medici himself just lately shared a wallet address with above 1,000 TEZ which is the forex utilized to transact on the Tezos blockchain.

Also, this month saw the graduation of L.A’s preferred 7 days extended artwork-good ‘Frieze Week’ which featured artists’ NFTs on the Tezos blockchain artists who are well known Ethereum artists. 

Robness, a area NFT artist and just one of the initially to working experience and get element in the emergence of artwork in the blockchain world, was 1 of individuals artists at the reasonable.  He releases a variation of his famous ‘trashcan’ NFTs on the Tezos blockchain for 50,000 TEZ.  An additional renowned artist, Jesse Draxler, who has marketed thousands of parts of artwork on Tremendous Exceptional on the Ethereum blockchain also minted his initially piece on the Tezos blockchain a 1,000 TEZ hand reduce collage.

Artwork fairs aside, there are various other marketplaces that are using on the likes of Ethereum as big platforms within the NFT room.  These include things like ‘Formfunction’, a marketplace used by Cozomo himself and on the Solana blockchain but also ‘FX Hash’ on Tezos.

With now hundreds of thousands of active Tezos and Solana wallets it is clear that the NFT industry share is getting to be more divided and end users are not only transacting using Ethereum.

Source: NFT News Right now


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All investment/financial opinions expressed by NFT cable are not recommendations. This article is educational material. As always, make your own research prior to making any kind of investment.

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